Dow and Aramco confirm $20-billion saudi JV

3:09 PM MDT | August 8, 2011 | —NATASHA ALPEROWICZ

Al falih: A milestone in Aramco's strategy. Dow Chemical and Saudi Aramco have confirmed CW’s exclusive report that they are going ahead with a previously announced multibillion-dollar joint venture, to be known as Sadara Chemical Co. (CW, July 18/25, p. 7). The companies’ boards have approved formation of the jv, which will build and operate a world-scale, fully integrated chemicals complex at Jubail, Saudi Arabia at a cost of approximately $20 billion. The authorization comes after an extensive feasibility study, and front-end engineering and design...